Katelyn Is Shopping for a Cellular Phone Service

question 32

Essay

Katelyn is shopping for a cellular phone service.Trenton Bell charges a monthly fee of $40 for up to 500 minutes.For every minute over 500,it charges an additional $0.18.Write a piecewise function to represent the cost of this plan.

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold (COGS), indicating the profit made from sales before deducting operating expenses.

Beginning Inventory

The initial value of goods available for sale at the start of an accounting period.

Purchases

The acquisition of goods or services by a company in exchange for money.

Perpetual Inventory System

An inventory system in which a detailed inventory record is maintained, recording each purchase and sale during the accounting period.